Homework: Cha... Question 14, P17-12 (si... Part 1 of 3 > HW Score: 54.67%, 8.2 of 15 points Points: 0 of 1 Save Change to high-dividend-payout policy in world of taxes. Kevin currently owns 700 shares of Cylon, Inc. Cylon has a low-dividend-payout policy and this year will pay a $0.33 cash dividend on its shares, which are selling currently at $24.00. Kevin wants a high-dividend-payout policy of 7% of the stock price, or $1,176.00 after tax. Assume Kevin bought the stock at $18.00 per share and his tax rates are 40% on dividends and 25% on capital gains. If Kevin changes the dividend policy from a low-dividend-payout policy to a high-dividend-payout policy, how does his wealth change? What is Kevin's wealth in paper and cash under the current low-dividend-payout policy? (Round to the nearest dollar.)